President Energy (LON:PPC) Shares Cross Below 200 Day Moving Average of $1.61

President Energy Plc (LON:PPCGet Rating)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1.61 ($0.02) and traded as low as GBX 1.25 ($0.02). President Energy shares last traded at GBX 1.30 ($0.02), with a volume of 8,223,378 shares traded.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 4.50 ($0.05) target price on shares of President Energy in a research report on Tuesday, May 24th.

President Energy Stock Performance

The firm has a market capitalization of £26.75 million and a P/E ratio of -3.69. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 46.82. The company has a 50-day moving average of GBX 1.48 and a 200-day moving average of GBX 1.61.

About President Energy

(Get Rating)

President Energy Plc, together with its subsidiaries, engages in the exploration, evaluation, development, and production of oil and gas properties primarily in South America. The company holds exploration assets in Paraguay, Argentina, and the United States. It is also involved in the exploration, production, and sale of hydrocarbons and related activities.

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